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The Global Grain Augers Market Size is projected to increase by USD 132.64 million from 2022 to 2027. The market is estimated to grow at a CAGR of 5.66% between 2022 and 2027. In 2017 the market size was valued at USD 379.09 million.
The market is expected to experience significant growth, driven by the increasing need for efficient grain out-loading. Farmers and other agricultural organizations often face challenges in off-loading grains quickly, leading them to prefer equipment that can move grains rapidly for storage or transport. The use of grain-handling equipment, such as grain augers, allows end-users to transport and store grains efficiently and quickly. Large grain augers can out-load grains at an increased rate per hour, significantly reducing turnaround time. Additionally, the portability of grain augers allows farmers to move grains easily from bags or field bins on the farm or from the farm storage site to the back paddock as needed. Furthermore, grain augers offer an economical and simple way to get grains into the bin. Governments of various countries have introduced schemes and initiatives aimed at increasing grain production, which is driving the demand for grain-handling products. For example, the Indian government has launched several welfare schemes to support farmers and promote grain production.
This grain augers market research report extensively covers market segmentation by product (movable and stationary), end-user (farm and commercial), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increasing availability of farm equipment such as grain augers through rental facilities is notably driving the market growth, although factors such as hazards associated with grain augers may impede the market growth. Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help stakeholders in the value chain refine their marketing strategies to gain a competitive advantage.
The increasing availability of farm equipment such as grain augers through rental facilities is one of the key trends in the market. Rental services also help end-users save on the initial investments required to purchase farm equipment. The availability of grain augers on a rental basis allows end-users to gain access to machinery that incorporates the latest technologies.
End-users also do not have to worry about servicing and maintenance. Rental farm equipment is also suitable for end-users who do not need farm equipment on a regular basis. Farm equipment, such as grain augers, is expensive and requires high initial investments. Thus, farmers prefer renting grain augers for a specified time period based on their needs, which allows them to achieve flexibility and adapt to prevailing economic conditions.
One of the key challenges to the global grain augers market growth is the hazards associated with grain augers. When grain augers are in operation, grains can flow out of the bin to the unloading auger. This can pose the danger of suffocation for workers due to the accumulation of grain dust, especially when using large grain augers. Respiratory problems, noise, and the risk of fires are some of the major concerns when handling foodgrains.
Grain augers are equipped with sharp corkscrew blades. These blades rotate as they draw the grains. Any contact with these blades can result in cuts and fractures for workers. Electrocution is another hazard associated with the use of grain augers, which can happen when a moving raised grain auger comes in contact with electric wires. Most electrocution-related injuries occur with movable grain augers. Thus, the risk of injury and other hazards associated with grain augers are likely to impede the growth of the grain augers market.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Grain Augers Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The grain augers market report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The grain augers market segmentation by end-user consists of farm and commercial. The farm end-use segment is anticipated to be a major shareholder of the global grain augers market. Grain augers powered by hydraulics are gaining popularity among consumers. Farm end-users can transport and store grains quickly and effectively by using grain handling equipment such as grain augers. Small and medium-scale farmers who might not often require farm equipment can opt for renting it. Grain augers are an example of a piece of expensive farm equipment that requires significant upfront costs. As a result, farmers prefer renting grain augers based on their needs for a specific amount of time. This gives them the flexibility they need to respond to changing economic conditions.
The grain augers market segmentation by product consists of movable and stationary. The market share growth of the movable segment will be significant during the forecast period. The growing inclination of end-users toward movable grain augers with advanced control features will influence the growth of the market during the forecast period. Some manufacturers offer movable grain augers with various safety mechanisms, which help end-users decrease the chances of accidents in farming organizations. Hence, the availability of movable grain augers with improved safety features will accelerate the growth of the global movable grain augers market during the forecast period.
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The movable segment was valued at USD 260.91 million in 2017 and continued to grow until 2021. Movable grain augers are mechanically driven augers with improved efficiency when compared with stationary grain augers. Movable grain augers help farmers increase the speed of transporting grains. These grain augers feature multiple drive options, including Power Take-Off (PTO) and hydraulic. These factors will positively influence the market during the forecast period.
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North America is estimated to contribute 31% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The grain augers market in North America is expected to witness accelerating growth during the forecast period. Manufacturers of grain augers in the region are focusing on expanding their presence in North America through strategic alliances. It is expected that the manufacturers of grain augers will try to increase the sales of grain augers in remote areas in North America by entering into new trade agreements with distributors during the forecast period. Hence, the anticipation of the growing focus of manufacturers to increase the client base in North America will influence the accelerated growth of the market during the forecast period.
The outbreak of COVID-19 had a negative impact on the agriculture sector, which eventually impacted the regional grain augers market. However, the growing demand for grains from the country can increase the demand for grain-harvesting equipment, such as grain augers, among end-users during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Grain Augers Market Scope |
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Report Coverage |
Details |
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Page number |
159 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.66% |
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Market growth 2023-2027 |
USD 132.64 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
4.4 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 31% |
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Key countries |
US, Canada, China, India, and Brazil |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Ag Growth International Inc., Astwell Augers Ltd., Bazooka-Farmstar Inc., Berkshire Hathaway Inc., Brandt Group of Companies, Buhler Industries Inc., CLAAS KGaA mbH, Distel Grain Systems Inc., Diversified Technologies Inc., Elmers Manufacturing Inc., Grainline, Harberger Pty Ltd., Honeyville Metal Inc., J and M Manufacturing Co. Inc., and Lloyd and Meredith |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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